tag:blogger.com,1999:blog-648884752216444797.post8795382366549192723..comments2024-03-28T06:00:18.802-07:00Comments on bionic mosquito: Jim Grant Educates The Fedbionic mosquitohttp://www.blogger.com/profile/12002548958078731031noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-648884752216444797.post-33056388434297498612016-01-01T08:36:41.060-08:002016-01-01T08:36:41.060-08:00Elasticity was not meat to become a 4.5 trillion b...Elasticity was not meat to become a 4.5 trillion balance sheet It as become a transfer mechanism. Middle class ends up losing a larger part of the benefit of their production in order to compensate the constant devaluation of their manipulated medium of exchange. If not for the transfer of trillions into the non producing sectors we would actually not even have to produce that much more on a non aggregate basis. Technological progress would positively take prices even lower and give us more time to live better life instead of compensating for parasites. Unfortunately the fact that the benefactors of this system for the most part not coming from real production (In fact in precedes production) continues to give them tremendous political power and it's likely not going to change anytime soon. <br /><br />Plastic Money888https://www.blogger.com/profile/09012722604464142715noreply@blogger.com